Redwood Materials
4 mentions across all digests
Battery recycling and energy storage company that laid off 10% of workforce while pursuing partnerships to power facilities with recycled batteries.
TechCrunch Mobility: Elon’s admission
Tesla must retrofit millions of Hardware 3 owners (2019-2023) with new processors via urban microfactories for future unsupervised FSD—a multibillion-dollar capex commitment that undercuts the autonomous profitability narrative.
Redwood Materials loses COO amid layoffs, restructuring
Redwood Materials ditches generalist battery recycling for grid storage focus, cutting 10% of staff and losing its COO as it pivots toward partnerships with Rivian and Crusoe for refurbished battery supply.
Redwood Materials lays off 10% in restructuring to chase energy storage business
Battery recycling company Redwood Materials culls 10% of staff to pivot toward energy storage infrastructure, its second restructuring in five months despite a recent $425M funding round.
VC Eclipse has a new $1.3B to back — and build — ‘physical AI’ startups
Eclipse VC's $1.3B physical AI fund signals that embodied robotics and autonomous systems (Wayve, Bedrock Robotics, Mind Robotics) are hitting venture-scale inflection as intelligence shifts from digital interfaces to physical action.